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Cryptocurrency Purchases Made In USD Are Not Reportable To The IRS

Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting, according to the IRS FAQs on cryptocurrency (Q5) updated as of March 2, 2021.

Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting, according to the IRS FAQs on cryptocurrency (Q5) updated as of March 2, 2021.

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